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Costa Costa
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6 years ago
What is the shape of the long-run supply curve for a firm in a competitive industry?
A) The LRS curve of a constant-cost industry is horizontal at the minimum average cost
B) The LRS curve of an increasing-cost industry is upward sloping
C) The LRS curve of a decreasing-cost industry is downward sloping
D) All of the above
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Microeconomics

Microeconomics


Edition: 2nd
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JavaewJavaew
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6 years ago
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